Investment in Fixed Deposit
This query is : Resolved
Rajkumar Maheshwari
(Querist)
13 March 2008
is investment in fixed deposit is eligible for deduction u/s 80 C in income tax or any other section.
Jitender Garg
(Expert)
13 March 2008
Amount deposited in a fixed deposit for 5 years or more with a scheduled bank in accordance with scheme framed by Central govt. (in multiples of Rs.100) eligible u/s 80C
CA Praveen Chopra
(Expert)
13 March 2008
Mr.Jitendra is absolutely is correct
CA. GOPAL SONIKA
(Expert)
13 March 2008
80C
CA J M Pattanayak
(Expert)
15 March 2008
Only specified investments in FD which is in a lock in period of 5years and approved can be considered for relief U/S 80C.
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